Network States' Initial Promises: Regulatory Sandboxes

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Hey guys. Following our 2026 predictions episode (thanks to everyone for all the love), we’re back to our regularly scheduled programming. And speaking of things we think everybody should be paying attention to this year, today we’re talking about network states.

Popularized by Twitter-famous VC philosopher and former Coinbase CTO Balaji Srinivasan, the network state is basically what happens when a bunch of crypto bros and entrepreneurs pool their money, buy land, negotiate regulatory exceptions, and attempt to start a new nation-state around an ideology or practice, like life-extension research or the keto diet.

Until recently, network states felt like a fringe libertarian concern—a kind of 2020s remix of seasteading, super-charged by crypto and AI tooling. But especially since finding a receptive ear in the second Trump administration, the movement and its guiding ideas have quietly mutated into an influential ideological force in American politics, both domestically and abroad.

To help us get a grip on the whole thing, we brought on fellow culture journo Sam Venis, who’s been reporting on it for places like The Guardian, Playboy, The Guardian, The Point, and Mars Review of Books. He takes us inside his travels documenting network-state experiments across the globe, from the medical research enclave of Próspera in Honduras, to a hacker house full of urbit engineers hanging in Bukele’s inner circle in El Salvador, to Trump’s vision of deregulated “Freedom Cities” on “unused” federal land in the US.

We discuss why someone would want to found or join a network state in the first place — i.e., how much of it is ideological, and how much of it is tax evasion — what life is actually like at places like Próspera on the ground, and how the network state movement represents both a mechanism of American imperialism under Trump and a possible blueprint for the US economy’s next phase.

Sign up for Sam’s Substack, Technical Personae

Read Sam:

“Could new countries be started – on the internet?” (The Guardian)

“The island of eternal Life” (The Mars Review of Books)

“Turbo America” (The Point)

“Waiting for the End of the World In El Salvador” (Playboy)

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